The BRICS Startup Knowledge Hub, introduced in 2025, was created mainly to achieve which of the following objectives?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. To support collaboration and knowledge-sharing among startups across BRICS nations.
The primary objective of the BRICS Startup Knowledge Hub, launched in 2025, is to support collaboration and knowledge-sharing among startups across BRICS nations. This platform aims to strengthen innovation ecosystems by enabling entrepreneurs to share best practices, access mentorship, and explore cross-border business opportunities. It also helps member countries—Brazil, Russia, India, China, and South Africa—leverage each other’s technological strengths to accelerate growth in sectors like AI, fintech, green tech, and digital services.
The other options are incorrect because the Hub is not designed for academic research among universities, does not regulate digital payments, and does not conduct financial audits. Its focus remains on fostering startup connectivity, innovation exchange, and entrepreneurship-driven development within BRICS economies.